The Shocking Reality of Unprepared Family Offices

5 trustees retiring within 18 months. Four were family members. No succession plan. No transition strategy. Just… stunning. Imagine sitting down with the patriarch over coffee: “Hey Joe, tell me why we got into that manufacturing company. Tell me about your partners on that real estate deal.” All that institutional knowledge, walking out the door forever. The critical conversations every family office should be having before it’s too late.